Symbol Data

Symbol

Currency

CVE:CGD

CAD

Description

Carlin Gold Corp. are a junior, project generator looking for gold with four exploration properties in Canada and USA. They have a market capitalisation of ~C$1.53M which is a fall of roughly 20% over the last one months. As of 02/10/2019 they have no debt and ~C$0.02M cash. They have 89M shares outstanding and trade on the Canadian Venture Exchange.

Property

The properties are optioned to fireweed Zinc, which can acquire a 100% interest in the properties includes an aggregate of $500,000 in cash and issuance of 300,000 common shares of Fireweed Zinc, to be paid over three years.

The agreement includes a net smelter return royalty (“NSR”) of 0.5 % on base metals and silver and a
2.0% NSR on all other metals. An additional payment of $750,000 is payable upon Fireweed producing
an indicated resource of 2.0 million tonnes on the optioned properties.

The properties are optioned to fireweed Zinc, which can acquire a 100% interest in the properties includes an aggregate of $500,000 in cash and issuance of 300,000 common shares of Fireweed Zinc, to be paid over three years.

The agreement includes a net smelter return royalty (“NSR”) of 0.5 % on base metals and silver and a
2.0% NSR on all other metals. An additional payment of $750,000 is payable upon Fireweed producing
an indicated resource of 2.0 million tonnes on the optioned properties.